Two-Bedroom Apartment with
For Sale
$400,000
4500 S FOUR MILE RUN DRIVE Unit 804, Arlington, VA 22204
A flexible extra area, courtyard views, and two assigned upper-level parking spaces add practical features to the residence.
Property Size1,150 SF
Price / SF$347.83
Days on Market27
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 804
General Information
Standard status
Active
Size
1,150 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,260
Amenities
balcony
landscaped courtyard
common storage area
pet friendly building
Building Details
Building Size
1,150 SF
Year Built
2005
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Judith M Pisciotta · License #0225118556
(703) 405-4485
Source:
Mxwrealestate
Added: Oct 9
Changed: Nov 2
Last Checked: Nov 3 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,150-square-foot apartment has two bedrooms, two bathrooms, and a balcony facing a landscaped courtyard. An additional flexible area can serve as a home office, den, or casual dining space. The kitchen has been remodeled with granite counters, stainless steel appliances, custom cabinetry, and a built-in microwave; the glass cooktop has five burners. Hardwood floors extend through the living area and bedrooms, the bathrooms have been updated, and the HVAC system was installed in 2025. Storage includes two walk-in closets and a separate enclosed room in the common storage area.
Two upper-level parking spaces convey, with access to two main building entrances. Bus service is available at the front of the building, and the property is described as minutes from the airport and train station. The W&OD path is next to the building, and Shirlington and major commuting routes are nearby. The building is pet-friendly and is undergoing updates to its halls and public areas, including carpeting, paint, lighting, and flooring.
Two upper-level parking spaces convey, with access to two main building entrances. Bus service is available at the front of the building, and the property is described as minutes from the airport and train station. The W&OD path is next to the building, and Shirlington and major commuting routes are nearby. The building is pet-friendly and is undergoing updates to its halls and public areas, including carpeting, paint, lighting, and flooring.
Key Highlights
- 1,150‑square‑foot residence with 2 bedrooms, 2 bathrooms, and a courtyard‑facing balcony
- Remodeled kitchen with granite counters, stainless steel appliances, custom cabinets, and a five‑burner glass cooktop
- New HVAC system installed in 2025; hardwood floors in the living area and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,305
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,100
$346.1K
Cap Rate 7%
$247,214
$247.2K
Cap Rate 9%
$192,278
$192.3K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$33.1K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$31.5K $27.36/SF
− OpEx
−$14.2K −$12.31/SF
NOI
$17.3K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,100
Cap Rate 7%
$247,214
Cap Rate 9%
$192,278
Alternative Uses
Best Use
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$638.7K
$558.9K – $745.2K
NOI $44,712 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
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Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A flexible extra area, courtyard views, and two assigned upper-level parking spaces add practical features to the residence.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 804 Arlington, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,150‑square‑foot residence with 2 bedrooms, 2 bathrooms, and a courtyard‑facing balcony; Remodeled kitchen with granite counters, stainless steel appliances, custom cabinets, and a five‑burner glass cooktop; New HVAC system installed in 2025; hardwood floors in the living area and bedrooms
